Market down, but no signal -> No trade today.
5 min Emini Nasdaq 100
Has market finally waken up to reality? China, Brazil is going up.. but that is not enough to help the U.S. get out of recession. Are the stress tests robust enough? Is this really the bottom as major business leaders have said?
We do not know, what we do know is that stocks cannot just keep flying up.. they have to correct at some point, this V shape correction if it were to continue, would constitute a highly unlikely technical pattern...
It is only natural that we expect some correction along the way. Price came down, but there are no signals that I can trade on.. No trade today.